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&Mean&Std&10{-}Pctl&Q1&Median&Q3&90{-}Pctl\\%
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\multicolumn{8}{l}{Panel A: Time{-}Series Distribution}\\%
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Number of stocks in the sample each month&1705.95&139.84&1531.0&1619.25&1704.5&1807.5&1886.6\\%
Stock coverage of stock universe (EW)&1705.95&139.84&1531.0&1619.25&1704.5&1807.5&1886.6\\%
Stock coverage of stock universe (VW)&76.29&5.49&69.11&71.44&76.59&81.29&83.68\\%
Stock traded at NYSE or AMEX&51.04&2.46&48.12&49.84&51.21&52.63&53.67\\%
Stock already included in previous month&83.38&6.23&78.56&80.88&83.67&86.76&88.58\\%
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\multicolumn{8}{l}{Panel B: Time{-}Series Average of Cross{-}Sectional Distributions}\\%
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Firm size in million&7367&25376&232&531&1453&4508&14409\\%
Firm size CSRP percentile&71&18&44&58&74&87&93\\%
Firm volatility CSRP percentile&45&25&11&24&44&66&81\\%
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\multicolumn{6}{l}{Panel C: Time{-}Series Average of Industry Distribution}\\%
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FF{-}12 Industry&Optionable Stocks&CRSP sample&FF{-}12 Industry&Optionable Stocks&CRSP sample\\%
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Consumer nondurables&4.43\%&4.94\%&Telecom&3.48\%&2.56\%\\%
Consumer durables&0.52\%&0.48\%&Utilities&2.68\%&2.26\%\\%
Manufacturing&9.23\%&8.26\%&Wholesale&11.01\%&8.63\%\\%
Energy&4.85\%&2.77\%&Healthcare&11.59\%&9.14\%\\%
Chemicals&2.4\%&1.65\%&Finance&9.93\%&23.91\%\\%
Business Equipment&20.42\%&14.43\%&Other&19.48\%&20.96\%\\\bottomrule%
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